Ally Financial (ALLY) Surpasses Q2 Earnings And Revenue Estimates

Ahead of this earnings release, the estimate revisions trend for Ally Financial was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. 

It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.36 on $1.46 billion in revenues for the coming quarter and $0.49 on $5.88 billion in revenues for the current fiscal year.

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